UPDATE: Lamb Weston (LW) Raises Quarterly Dividend 4.6% to $0.20; Approves $250M Buyback

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Go back to UPDATE: Lamb Weston (LW) Raises Quarterly Dividend 4.6% to $0.20; Approves $250M Buyback

Lamb Weston Holdings Raises Quarterly Dividend and Announces Share Repurchase Program

December 20, 2018 4:15 PM EST

EAGLE, Idaho--(BUSINESS WIRE)-- Lamb Weston Holdings, Inc. (NYSE: LW) announced today that its Board of Directors has approved an increase in the quarterly dividend and a share repurchase program.

Dividend

The Board of Directors declared a quarterly dividend of $0.20 per share of Lamb Weston common stock, an approximately 5 percent increase from $0.19125 per share in the prior quarter. The dividend is payable on March 1, 2019 to stockholders of record at the close of business on February 1, 2019.

In addition, the Company stated that it will continue to target an annual dividend payout... More